PVG Asset Management Corp Takes $379,000 Position in ProShares Short QQQ (NYSEARCA:PSQ)

PVG Asset Management Corp purchased a new position in ProShares Short QQQ (NYSEARCA:PSQ) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,360 shares of the company’s stock, valued at approximately $379,000. ProShares Short QQQ accounts for about 1.5% of PVG Asset Management Corp’s investment portfolio, making the stock its 18th biggest position. PVG Asset Management Corp owned approximately 0.08% of ProShares Short QQQ at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in ProShares Short QQQ by 85.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,630 shares of the company’s stock worth $44,000 after acquiring an additional 2,130 shares during the period. ORG Partners LLC bought a new position in shares of ProShares Short QQQ in the second quarter worth $71,000. Auour Investments LLC purchased a new stake in shares of ProShares Short QQQ in the first quarter worth $90,000. BlueChip Wealth Advisors LLC bought a new stake in ProShares Short QQQ during the fourth quarter valued at $183,000. Finally, HBK Sorce Advisory LLC purchased a new position in ProShares Short QQQ during the second quarter worth about $202,000.

ProShares Short QQQ Trading Down 0.3 %

Shares of PSQ opened at $39.44 on Tuesday. The stock has a 50-day moving average price of $41.64 and a 200-day moving average price of $42.49. ProShares Short QQQ has a 12-month low of $38.62 and a 12-month high of $57.24.

About ProShares Short QQQ

ProShares Short QQQ is focused on daily investment results that correspond to the inverse (opposite) of the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents non-financial domestic and international issues listed on The NASDAQ Stock Market. The Fund takes positions in financial instruments (including derivatives) that in combination should have similar daily return characteristics as the inverse of the NASDAQ-100 Index.